The Internet

question 41

Multiple Choice

The Internet:

• A)gathers information through cookies.
• B)began in the early 1980s.
• C)is a global network of computers that communicate with each other.
• D)uses a centralized network to create its power.
• E)is now the same as ARPAnet.

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Definitions:

Productive Capacity

Refers to the maximum output a system, economy, or machine can produce over a period of time under normal conditions.

Supply of Land

The total availability of land resources that can be used for various purposes, often considered perfectly inelastic.

Perfectly Inelastic

A situation where the quantity demanded or supplied of a good does not change in response to a change in price.

Relatively Elastic

Describes a situation where the demand for a product is sensitive to changes in price, meaning a small price change can lead to a large change in quantity demanded.